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Swiss Franc

  • 06-09-2011 5:36pm
    #1
    rodento
    Registered Users, Registered Users 2 Posts: 1,728 ✭✭✭


    My economics is a bit rusty so sorry about this

    Can anyone tell me if the swiss devaluation is good or bad for Irish with swiss franc loans


Comments

  • #2
    ardmacha
    Registered Users, Registered Users 2 Posts: 7,476 ✭✭✭ardmacha


    Good for people with loans, bad for people with deposits, I imagine.


  • #3
    Rabidlamb
    Banned (with Prison Access) Posts: 2,202 ✭✭✭Rabidlamb


    Ganley won't be best pleased.


  • #4
    Voltex
    Registered Users, Registered Users 2 Posts: 1,581 ✭✭✭Voltex


    They havent devalued the CHF. The SNB has set a target FX rate (1.20) with the Euro. From what i know the the SNB will be activly managing the FX rate by various means.
    It will be good only if you were foolish enough to borrow in CHF's at the recent crazy rates!


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